13 Popular Procurement Trends in 2024 & Beyond

As we enter the new year of this disruptive decade, predicting and preparing for the future has never been more important for Procurement.

After navigating the COVID-19 crisis, Procurement has continued to face new challenges — with geopolitical conflicts, rising costs, the effects of climate change, new regulations and consumer demands, talent gaps, and more.

And since 2024 will be the biggest political year in global history – with elections in over 60 countries including the U.S. – it’s unlikely that the turbulence of the 2020s will slow down this year. Fortunately, crisis can also act as the catalyst for positive change.

By staying knowledgable and leveraging the revolutionary new ProcureTech solutions of recent years, Procurement has the opportunity to turn these troubles into unprecedented transformation that redefines its role and the value that it delivers across the triple bottom-line of Profit, People, and the Planet.